Daytrading Technical Analysis · Trading Game Plan

2016/11/14 – Intraday Charts & Game Plan

Futures

 

Dow 30

Support: 18815, 18550

Resistance: 19200

Game Plan:  The moon shot continues after breaching the final line of resistance before 19000. 19200 is now the next projection on the upside.

20161114-YM.png

S&P 500

Support:  2150

Resistance: 2180, 2194

Game Plan:  Still chopping between 2150 and 2180. Stay neutral and focus on Dow.

20161114-ES.png

 

NDX 100

Support: 4660, 4560

Resistance: 4810, 4850

Game Plan: In no-man’s land – focus on Dow instead until there is more clarity on direction

20161114-nq

Crude Oil

Support: 43, 43.85

Resistance: 45.25, 46.25

Game Plan: Back to the lows after repelled from descending channel. Good risk reward long between 42.75-43 area for quick bounces towards 44 area

20161114-cl

 

Gold

Support: 1213, 1193

Resistance:  1242

Game Plan: Bigger picture remains very bearish as H&S pattern continues to dictate the direction. Held neckline support overnight but sell any rallies towards broken swing point of 1242.

20161114-GC.png

10-Yr Treasury Note

Support: 125.36

Resistance: 126.75. 127.58

Game Plan: Truly a falling knife now threatening to break below LT descending wedge.

20161114-TY.png

 

US Dollar Index

Support: 99

Resistance:  100.2

Game Plan: Gap above double top over the weekend and the 100 handle is now a magnet to the upside. The top of ascending channel would be a good area for tactical short near 100.2 to target a gap fill at 99

20161114-DX.png

Nikkei 225

Support: 17570

Resistance: 17725

Game Plan: Following the footsteps of US Dollar Index, as it propelled above all key trendline/channel resistance and almost tested April highs.

20161114-NK.png

 

 

 

Currency Pairs

USD/JPY

Support: 107.45

Resistance: 109.34

Game Plan: Relentless squeeze continues after spiking above July swing high of 107.45, now 109.3 is next target.

20161114-USDJPY.png

 

EUR/USD

Support: 1.0865, 1.0832

Resistance: 1.0950, 1.10

Game Plan: It’s all about the US Dollar, as gap down below March swing low followed with avalanche through 1.07 handle. 2016 Jan lows finally stopped the bleeding. Likely retest gap open area above 1.08

20161114-EURUSD.png

 

GBP/USD

Support: 1.2460

Resistance: 1.2546, 1.27

Game Plan: Spiked flash crash area just shy of 1.27 before pulling back to ST uptrend at 1.246 area before stabilizing. Continue buy the dip but recommend looking at other GBP pairs in our Pound trading plan instead due to USD strength

20161114-GBPUSD.png

AUD/USD

Support: 0.7517, 0.7450

Resistance: 0.7570, 0.76

Game Plan: Dollar strength prevailed as LT uptrend has finally broken. Sell rallies at 0.76 for ultimate target of retesting Sept lows of 0.7450

20161114-AUDUSD.png


 

USD/CAD

Support: 1.355

Resistance: 1.365

Game Plan: Getting loose now to the upside as all resistance breached and thin air until Feb swing low of 1.365 area

20161114-usdcad

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